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    Will Strong Q3 Results but Softer Year‑to‑Date Earnings Change WD-40's (WDFC) Narrative?

    Simply Wall St·07/10/2026 16:32:34
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    • WD-40 Company has reported past third-quarter 2026 results showing sales of US$195.12 million and net income of US$30.22 million, with basic and diluted earnings per share from continuing operations of US$2.24, all higher than the same period a year earlier.
    • However, despite stronger quarterly performance, net income for the first nine months of the fiscal year edged down to US$67.99 million from US$69.75 million, highlighting that recent gains have not yet translated into improved year-to-date profitability.
    • With this stronger quarter but softer year-to-date earnings in mind, we’ll now examine how these results reshape WD-40’s investment narrative.

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    WD-40 Investment Narrative Recap

    To own WD-40, you need to believe in the resilience of its core maintenance brands and their ability to convert steady global demand into consistent earnings. The latest third quarter results show a strong sales and profit rebound, but softer nine month net income keeps the key near term question firmly on margin sustainability. For now, this mixed picture does not materially change the biggest risk around higher operating costs pressuring profitability.

    Among recent announcements, the continued quarterly dividend of US$1.02 per share stands out alongside these results. It signals management’s confidence in WD-40’s cash generation even as year to date earnings have dipped slightly. For investors focused on catalysts, the combination of a stronger quarter and an ongoing dividend may reinforce attention on whether future quarters can convert sales momentum into firmer full year earnings and support that payout over time.

    Yet against this stronger quarter, investors should still keep a close eye on rising operating expenses and what they could mean for...

    Read the full narrative on WD-40 (it's free!)

    WD-40's narrative projects $763.2 million revenue and $97.8 million earnings by 2029.

    Uncover how WD-40's forecasts yield a $249.50 fair value, a 4% upside to its current price.

    Exploring Other Perspectives

    WDFC 1-Year Stock Price Chart
    WDFC 1-Year Stock Price Chart

    Some of the lowest ranked analysts were already cautious, assuming revenue of about US$755.0 million and earnings of roughly US$98.6 million by 2029, so this quarter’s upside could challenge their more pessimistic view that margin expansion and regional growth, especially in the Americas and Asia Pacific, stay constrained over time.

    Explore 3 other fair value estimates on WD-40 - why the stock might be worth less than half the current price!

    Form Your Own Verdict

    Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

    • A great starting point for your WD-40 research is our analysis highlighting 2 key rewards that could impact your investment decision.
    • Our free WD-40 research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate WD-40's overall financial health at a glance.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.